Trading indicator
MACDBacktest results
| Position | Trades | Duration | Win rate | Win/loss | Avg win | Avg loss | Return |
| Long | 10 | 4.5 | 20% | 25% | 1.6% | -0.8% | -3.4% |
|---|---|---|---|---|---|---|---|
| Short | 5 | 4.2 | 40% | 67% | 1.9% | -3.2% | -5.9% |
Trading Performance
MACD
Score
-0.9
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 23 | 15.9 | 0.30% | 0.41% | 6.0% | -3.2% | -12.4% |
| SHORT | 23 | 17.3 | 0.35% | 0.53% | 4.0% | -4.4% | -34.1% |
Summary
Technical Analysis
Oceanagold Corporation (OGC.AX)
Indicator:
MACD
Last Signal:
BEARISH
Trading: SELL @ $3.63
Signal Strength: STRONG
Recommendation:
Oceanagold Corporation (ASX:OGC) currently has negative MACD of -0.075. This means the signal line is less than the MACD line signalling a bearish movement.
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to detect the speed of movement & give an early signal for a potential movement. By understanding the rate at which the price is moving in respect to the stocks historical trades, enables positions to be set in place based on changes in the speed of movement
Moving Average Convergence/Divergence (MACD) is an indicator that shows the relationship between two moving averages. It is calculated as a difference between the fast and slow moving averages. The historically popular is the difference between a securities 26-day and 12-day Exponential Moving Averages (EMA).
Calculation:: Moving Average Convergence Divergence (MACD);
1) MACD Line: (12-day EMA - 26-day EMA);
2) Signal Line: 9-day EMA of MACD Line;
3) MACD Histogram: MACD Line - Signal Line;
PROFILE: Oceanagold Corporation (OGC.AX)
Stock Exchange: ASX
Company: Oceanagold Corporation
Ticker Codes: | OGC.AX | ASX:OGC |
OceanaGold Corporation, a gold mining company, explores for, develops, and operates mineral properties in the Philippines, New Zealand, and the United States. Its flagship asset is the Didipio gold-copper mine located on the island of Luzon in the Philippines. OceanaGold Corporation was incorporated in 2003 and is headquartered in Melbourne, Australia.
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MACD
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|---|---|---|---|---|---|
| OSP Osprey Medical | 0.07 | 17.7 | 881,992 | 0 | BEARISH |
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